Thinking more about this insurance idea:(very rough)
A client would purchase gun coin for the policy, proven via block chain (date and time)
-this creates the value store
The client then can use the coins purchased to buy goods and services
-this creates fungibility and circulation.
Both increase value for the coin itself and the investors that back the insurance.
The idea has merit and is a good one I think. There would be some legal and regulatory requirements to deal with and I think we need to avoid the term "insurance" at all costs for the same reason we avoid the term "shareholder". I think the term "2nd Amendment Reserve Support Fund" might make sense or something along those lines. That being said, rather than reinventing the wheel, it might be easier to attach ourselves to an existing CHL insurance product that is out there possibly as just a reseller using GUN.
"Insurance" is based on risk and projections of anticipated losses. There would be expected to be a certain number of claims every year to pay out. I am not sure how we get those numbers. We would need concrete numbers on this to determine the amount of reserve required each year if we did it ourselves. Perhaps there is an existing member who knows more about the CHL insurance that is currently available or at least has a contact with someone who does.